Diginex (NASDAQ:DGNX) Shares Down 9.5% – Here’s What Happened

by · The Cerbat Gem

Diginex Limited (NASDAQ:DGNX – Get Free Report)’s stock price was down 9.5% on Wednesday . The stock traded as low as $9.30 and last traded at $9.50. Approximately 161,213 shares traded hands during trading, a decline of 87% from the average daily volume of 1,217,341 shares. The stock had previously closed at $10.50.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Diginex in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Get Our Latest Stock Report on DGNX

Diginex Stock Performance

The business’s 50-day moving average price is $16.30 and its 200 day moving average price is $11.26.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC purchased a new stake in Diginex during the 3rd quarter worth approximately $38,000. Armistice Capital LLC acquired a new stake in Diginex in the third quarter valued at $144,000. PharVision Advisers LLC acquired a new position in Diginex during the 3rd quarter worth $262,000. Quarry LP bought a new stake in shares of Diginex in the 3rd quarter worth about $44,000. Finally, Bank of America Corp DE lifted its position in shares of Diginex by 625.0% during the third quarter. Bank of America Corp DE now owns 2,900 shares of the company’s stock worth $42,000 after purchasing an additional 2,500 shares during the last quarter.

Diginex Company Profile

(Get Free Report)

DSL is the wholly owned subsidiary of Diginex Limited. Accordingly, Diginex Limited owns 100% of DSL and all of DSL’s business lines and subsidiaries. DSL is an impact technology business that helps organizations to address the some of the most pressing Environmental, Social and Governance (“ESG”), climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.

Recommended Stories